Insurance Notes

Delay to IDD start date/Guidance on UK approach to Brexit

Delay to IDD start date The EU Commission published draft legislation today (in the form of a proposed Directive and a proposed Delegated Regulation) to …

LEGISLATING FOR THE UK'S WITHDRAWAL FROM THE EU

The European Union (Withdrawal) Bill was published by the Government in July 2017 and is the key piece of UK domestic legislation that will implement …

FCA CONSULTS ON EXTENDING THE SMCR TO INSURANCE INTERMEDIARIES

The FCA has published proposals to extend the Senior Managers and Certification Regime (SMCR), which already applies to banks, to other financial …

New right to claim damages for late payment of insurance claims comes into force this week

New provisions in the Enterprise Act 2016 ("the Act") which give policyholders a potential right to claim damages in the event of late payment of …

FCA publishes its Business Plan for 2017/2018, Mission and Sector Views

The FCA has published its Business Plan for 2017/2018, setting out details of the specific areas of work the FCA is prioritising for the next year, as …

Wholesale Insurance Market Review

In its 2017/18 Business Plan, released on 19 April 2017, the FCA set out its intention to undertake a market study of the wholesale insurance market. …

Legislating for the UK's withdrawal from the EU - the Government's White Paper on the Great Repeal Bill

On 30 March 2017 the UK Government published its White Paper on the Great Repeal Bill: Legislating for the United Kingdom's withdrawal from the European …

Exiting the EU - the die is cast

On Wednesday 29 March 2017, the UK Prime Minister, Theresa May, gave notice under Article 50 of the Treaty on European Union (TEU)("Article 50") of the …

Insurance & Reinsurance Disputes Annual Review 2016 published

Reminder to brokers of the need to advise insureds on policy terms

In RR Securities Ltd v Towergate Underwriting Group Ltd [2016] the Court held a broker liable for failing to advise its insured client that certain …